Shiba Inu

With the fourth month of 2023 nearing its conclusion, Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) has assumed a <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> trend of the general <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> that has prevailed during the past week, and <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> are trying to gauge the price of the dog meme <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset for the near future, using various tools, such as those provided by artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>).In this context, the machine learning algorithms over at the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring and prediction platform PricePredictions have set the price of <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> at $0.000010 by May 1, 2023, which is not a major change compared to its current price, according to the latest <a href="https://pricepredictions.com/forecast/shiba-inu" rel="noopener noreferrer nofollow">information</a> retrieved by Finbold on April 24.That said, this prediction, which relies on technical indicators like moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), and others, is slightly lower than those for <a href="https://finbold.com/machine-learning-algorithm-sets-shib-price-for-april-30-2023/" rel="noopener noreferrer nofollow">April 30</a> and <a href="https://finbold.com/machine-learning-algorithm-sets-shib-price-for-march-31-2023/" rel="noopener noreferrer nofollow">March 31</a>, respectively, which both stood at $0.000011 when Finbold earlier reported on them.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/85ff9e5e30b946949f7057f190896dd0.png" />SHIB 7-day price forecast. Source: <a href="https://pricepredictions.com/forecast/shiba-inu" rel="noopener noreferrer nofollow">PricePredictions</a><h2 id="header-0">SHIB price analysis</h2>As things stand, Shiba Inu is currently changing hands at the price of $0.00001027, which demonstrates a decline of 1.68% in the last 24 hours, as well as an 11.15% drop across the past week, in addition to losing 3.13% to its value on its monthly chart.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7c9df97286fb4c9eb31c57f9312b80c5.png" />SHIB 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, the sentiment on the one-day <a href="https://www.tradingview.com/symbols/SHIBUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">gauges</a> retrieved from the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto tracking website TradingView is predominantly bearish, suggesting ‘sell’ at 15. This sentiment is the result of the <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> in the ‘neutral’ zone at 8, as well as the moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) indicating a ‘strong sell’ at 13.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e611c5641735436b9e26dccb6ff92d7b.png" />SHIB 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/SHIBUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Whether SHIB continues trading sideways in May, as predicted by the machine algorithms or makes a significant move in either direction, will depend on the related developments, such as the <a href="https://twitter.com/SHIB__World/status/1647637409449021440" rel="noopener noreferrer nofollow">upcoming</a> Shibaswap 2.0, as well as the sentiment on the wider crypto market and macro landscape.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets SHIB price for May 1, 2023

目录

Finbold

发布于 2023年4月24日的其他文章

How and where to buy SUI tokens

IOTA Shifts Focus from MVP to IOTA Core, Adding Mainnet Functionality to GoShimmer Consensus

Arbitrum Price Analysis 24/04: Bearish Momentum in ARB Tempts Traders to Short or Delay Positions

DoJ Indicts DPRK Foreign Trade Bank Representative for Laundering Crypto

18) The Blockchain Super App: What is Legion Network?

Mercy Corps Ventures and Polygon Labs Partner to Empower Underserved Communities

订阅我们免费的电子期刊，获取每日最新加密领域动态！